Apartment Rent Continues to Rise in Minneapolis & St Paul MN

By
Real Estate Agent with Boardman Realty Minnesota License#90858

 

 

 

The September Rent report just released by ABODO shows te average rate to lease a one bedroom apartment in St Paul to be increasing by 3.3% one of the highest rates nationally to $1364 . Two Bedrooms in St Paul are not far behind with a 3.13% increase to $1680 on average

Minneapolis average rental increase rate was not among the highest month over month but the cost is significantly higher to live in Minneapolis as a renter than in St Paul. On average a 1BR apartment rents for $1413  and a 2BR $1940 across the river. 

View the Sept 2020 Rental Report from ABODO

While the report does not show rental rates in surrounding metro area, it does show the trend for increasing rent prices in the Twin Cities.

With interest rates at continued historic lows, it remains a good time to purchase a home.

Posted by

Teri Eckholm. REALTOR with Boardman Realty, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2019 terieckholm.com

 

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Comments (2)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you have enjoyed a very productive summer.

Take care, be safe and have an outstanding September.

Sep 04, 2020 05:36 AM
Teri Eckholm

Thanks Roy!

Sep 15, 2020 07:15 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Same here, rentals are going up. With apartment vacancies at their lowest levels in two decades, rents are expected to continue rising steadily over ,at least, the next two years. 

Nov 12, 2021 10:10 AM